Approved Merchant definition

Approved Merchant means a Merchant referred to Xxxxxxxxx.Xxx by Company subject to the following conditions: (1) the Merchant that was referred to Xxxxxxxxx.Xxx by Company was not an existing customer of Xxxxxxxxx.Xxx as of the date Company referred such Merchant to Xxxxxxxxx.Xxx; (2) the Merchant had not previously contacted or been contacted by Xxxxxxxxx.Xxx concerning any of the Xxxxxxxxx.Xxx Services; (3) for Payment Gateway services, the Merchant has executed a Payment Gateway Service Agreement; and (4) for Merchant Account services, the Merchant has executed a Merchant Account Services Agreement. “Xxxxxxxxx.Xxx Services” means generally, the Authorize.Net-hosted, online gateway and fraud services, set forth in more detail in the Services Documentation.
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Approved Merchant means a Merchant that was referred to Xxxxxxxxx.Xxx by Reseller during the Term, was not an existing customer of Xxxxxxxxx.Xxx as of the date Reseller referred such Merchant to Xxxxxxxxx.Xxx, had not previously contacted or been contacted by Xxxxxxxxx.Xxx concerning any of the Xxxxxxxxx.Xxx Services, has entered into an Xxxxxxxxx.Xxx Merchant Service Agreement with Xxxxxxxxx.Xxx, and has been approved by the necessary financial institutions(s) for a processing account.
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Approved Merchant means each: (i) Merchant approved by SERVICERS for participation in the Program that enters into a Merchant Processing Agreement with SERVICERS; (ii) each Existing Merchant in the Existing Portfolio which is approved to participate in the Program by SERVICERS pursuant to the terms of this Agreement and whose contract for Transaction processing and settlement services with another Member (and/or IPAYMENT or one of its Subsidiaries or a predecessor in interest to IPAYMENT), has been assigned to SERVICERS; and (iii) each Merchant in a Subsequently Acquired Portfolio which is approved to participate in the Program by SERVICERS pursuant to the terms of this Agreement and whose contract for Transaction processing and settlement services with another Member (and/or IPAYMENT, or a predecessor in interest to IPAYMENT), has been assigned to SERVICERS.
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Examples of Approved Merchant in a sentence

  • With households in high payment segment and middle segment consulting more as compared with those in low payments segments.Income was first grouped into quintiles.

  • In the event that the Merchant lead does not enter into a Merchant Account Agreement and such Merchant acquires a Merchant Account from another service provider or if an Approved Merchant terminates its Merchant Account Agreement, Company will not earn a commission for such Merchant Account.

  • Billing shall be accordance with the terms of the Payment Gateway Agreement or Merchant Account Services Agreement between it and an Approved Merchant.

  • Subject to the terms hereof, Xxxxxxxxx.Xxx will use commercially reasonable efforts to provide the Xxxxxxxxx.Xxx Services to Approved Merchants and maintain the same in an uninterrupted and error-free fashion consistent with its practices in effect as of the Effective Date, provided that the applicable Approved Merchant is not in default of its obligations to Xxxxxxxxx.Xxx pursuant to the Payment Gateway Merchant Service Agreement or Merchant Account Services Agreement.

  • Company will be eligible to receive 15 basis points (Basis Points) on an Approved Merchant's total monthly credit card volume processed by a Merchant Account Provider if the Approved Merchant obtains their Merchant Account from one of Xxxxxxxxx.Xxx's approved Merchant Account Providers.

  • During the respective term of the Payment Gateway Merchant Service Agreement or Merchant Account Services Agreement, if the Approved Merchant is current in payment of all fees owing to Xxxxxxxxx.Xxx and is otherwise not in default under such agreement, Xxxxxxxxx.Xxx and/or its Suppliers shall provide customer service to such Approved Merchant via telephone and email.

  • Xxxxxxxxx.Xxx will pay Commissions to Company only if the applicable fees are collected from the Approved Merchant by the 15th day of the month in which Xxxxxxxxx.Xxx billed such Approved Merchant for such fees.

  • IPAYMENT and Subsidiaries will install (and, pursuant to a separate agreement, if any, with the Approved Merchant, maintain and/or upgrade) such terminals, equipment and applications at no expense to SERVICERS.

  • The authorization criteria may be adjusted periodically as needed and may include, but are not limited to, the following:24.4.1.1 Single purchase limit24.4.1.2 Monthly spending limit24.4.1.3 Transaction purchase limit24.4.1.4 Approved Merchant Category Codes24.4.1.5 Number of transactions allowed per day24.4.1.6 Number of transactions allowed per month24.4.2 The policies and procedures provided are minimum standards for Departments.

  • Bank may draw against any Merchant Reserve Account to cover any Losses or credit and fraud losses incurred by SERVICERS with respect to an Approved Merchant without the consent of ISO or the applicable Approved Merchant.


More Definitions of Approved Merchant

Approved Merchant means any Merchant that:
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Approved Merchant bank" means a merchant bank of repute in Hong Kong selected by the Company and approved by 214 the Noteholder for the purpose of providing a specific opinion or calculation or determination hereunder or such merchant bank as may be appointed by the President for the time being of The Law Society of Hong Kong upon the request of either the Company or the Noteholder;
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Approved Merchant means a merchant that we have approved to accept payment for its goods or services, including through the Sorted App.
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Approved Merchant means a Merchant that was referred to VIVA PAYMENTS by the Reseller Partner during the Term, was not an existing customer of VIVA PAYMENTS as of the date Reseller referred such Merchant to VIVA PAYMENTS, has been approved by VIVA PAYMENTS, has entered into the VIVA PAYMENTS Merchant Service Agreement with VIVA PAYMENTS, has been registered as professional user and has activated a Viva Wallet Account, has completed successfully the Onboarding and KYC Process and has completed one successful Transaction.
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Approved Merchant means any Merchant (as defined herein) registered in the DIJIExchange Financial Services system.
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Related to Approved Merchant

  • CAISO Approved Meter means any revenue quality, electric energy measurement meter furnished by Seller, that (a) is designed, manufactured and installed in accordance with the CAISO’s metering requirements, or, to the extent that the CAISO’s metering requirements do not apply, Prudent Electrical Practices, and (b) includes all of the associated metering transformers and related appurtenances that are required in order to measure the net electric energy output from the Generating Facility.

  • Approved Vendor means a person who has been approved for inclusion on an approved vendor list through the approved vendor list process.

  • Approved Manager means, in relation to each Ship, Allseas Marine S.A. a corporation organised and existing under the laws of the Republic of Liberia, having its registered office at 00 Xxxxx Xxxxxx, Xxxxxxxx, Xxxxxxx and maintaining a ship management office at Voula Center, Xxxxxxxx Xxxxxx Xxxxxx 000-000, 000 00 Xxxxx, Xxxxxx or any other company which the Agent may, with the authorisation of the Majority Lenders, approve from time to time as the technical and/or commercial manager of a Ship;

  • Approved Location means the site for the operation of the Franchised Business selected by Franchisee and approved in writing by Franchisor;

  • Retail marijuana store means an entity licensed to purchase marijuana from marijuana cultivation facilities and marijuana and marijuana products from marijuana product manufacturing facilities and to sell marijuana and marijuana products to consumers.

  • Approved List means Securities followed by the Global Fundamental Research Group and tracked on the Approved List. Securities may be added, removed, or undergo periodic ratings changes.

  • Unsaleable liquor merchandise means a container that:

  • wholesale customer means a natural or legal person purchasing electricity for the purpose of resale inside or outside the system where he is established;

  • Approved Device means a device described in Subsection 20A-21-201(4) used to

  • Approved Source means Cisco or a Cisco authorized reseller, distributor or systems integrator.

  • Approved Flag means the Xxxxxxxx Islands flag, the Liberian flag, the Panama flag or any other flag which the Agent may approve as the flag on which a Ship may be registered;

  • Approved Vendor List means a list of approved vendors established under Section 63G-6a-507.

  • Approved Flag State means the Xxxxxxxx Islands, Liberia or any other country in which the Agent, may in its sole and absolute discretion, approve that a Ship be registered;

  • Retail Marijuana means all parts of the plant of the genus cannabis whether growing or not, the seeds thereof, the resin extracted from any part of the plant, and every compound, manufacture, salt, derivative, mixture, or preparation of the plant, its seeds, or its resin, including but not limited to Retail Marijuana Concentrate, that is cultivated, manufactured, distributed, or sold by a licensed Retail Marijuana Business. “Retail Marijuana” does not include industrial hemp, nor does it include fiber produced from stalks, oil, or cake made from the seeds of the plant, sterilized seed of the plant which is incapable of germination, or the weight of any other Ingredient combined with marijuana to prepare topical or oral administrations, food, drink, or other product. If the context requires, Retail Marijuana includes Retail Marijuana Concentrate and Retail Marijuana Product.

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • approved person means, in respect of a member (Member) of the Investment Industry Regulatory Organization of Canada (IIROC), an individual who is a partner, director, officer, employee or agent of a Member who is approved by IIROC or another Canadian SRO to perform any function required under any IIROC or other Canadian SRO by-law, rule, or policy;

  • market operator means a person or persons who manages and/or operates the business of a regulated market. The market operator may be the regulated market itself;

  • Approved Commercial Bank means a commercial bank with a consolidated combined capital and surplus of at least $5,000,000,000.

  • Wholesale means a sale for the purpose of resale."

  • Marijuana wholesaler means a person who purchases marijuana items in this state for resale to a person other than a consumer.

  • Approved Contractor means an “Approved Contractor” specified in the Key Details.

  • Financial Product means any securities, futures contracts or leveraged foreign exchange contracts as defined under the SFO. Regarding “leveraged foreign exchange contracts”, it is only applicable to those traded by persons licensed for Type 3 regulated activity.

  • Approved Dealer means (a) in the case of any Portfolio Investment that is not a U.S. Government Security, a bank or a broker-dealer registered under the Securities Exchange Act of 1934 of nationally recognized standing or an Affiliate thereof, (b) in the case of a U.S. Government Security, any primary dealer in U.S. Government Securities, and (c) in the case of any foreign Portfolio Investment, any foreign broker-dealer of internationally recognized standing or an Affiliate thereof, in the case of each of clauses (a), (b) and (c) above, as set forth on Schedule VII or any other bank or broker-dealer acceptable to the Administrative Agent in its reasonable determination.

  • Cannabis wholesaler means any licensed person or entity that purchases or otherwise obtains, stores, sells or otherwise transfers, and may transport, cannabis items for the purpose of resale or other transfer to either another cannabis wholesaler or to a cannabis retailer, but not to consumers.

  • Approved Entity means a body corporate that is incorporated or established under the laws of an OECD member state and which, on the occurrence of the Relevant Event, has in issue Relevant Shares.

  • Goods and Services or "goods or services" means any work, labor, commodities, equipment, materials, or supplies of any tangible or intangible nature, except real property or any interest therein, provided or performed through a contract awarded by a purchasing agent, including goods and property subject to N.J.S.A. 12A:2-101 et seq.